J Sainsbury (LON:SBRY) Given “Sell” Rating at Shore Capital

Shore Capital restated their sell rating on shares of J Sainsbury (LON:SBRY) in a research note released on Wednesday, June 26th, Digital Look reports.

A number of other research firms have also recently commented on SBRY. Deutsche Bank restated a buy rating and issued a GBX 430 ($5.62) price target on shares of in a report on Friday, June 21st. UBS Group lifted their price objective on shares of Tableau Software to $134.00 and gave the company a neutral rating in a report on Thursday, May 2nd. HSBC cut shares of Ferrari from a buy rating to a hold rating in a report on Friday, April 26th. Jefferies Financial Group lifted their price objective on shares of EXACT Sciences from $100.00 to $115.00 and gave the company a buy rating in a report on Wednesday, May 1st. Finally, Sanford C. Bernstein upgraded shares of Walmart from a market perform rating to an outperform rating and set a $101.80 price objective for the company in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of GBX 227.60 ($2.97).

LON:SBRY traded up GBX 1.40 ($0.02) during trading hours on Wednesday, reaching GBX 201.20 ($2.63). The company had a trading volume of 6,933,420 shares, compared to its average volume of 9,310,000. The company has a current ratio of 0.67, a quick ratio of 0.46 and a debt-to-equity ratio of 24.73. The company has a market capitalization of $4.45 billion and a price-to-earnings ratio of 22.61. The stock has a 50-day moving average price of GBX 197.88. J Sainsbury has a twelve month low of GBX 185.30 ($2.42) and a twelve month high of GBX 341.80 ($4.47).

The company also recently declared a dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 6th were issued a dividend of GBX 7.90 ($0.10) per share. The ex-dividend date of this dividend was Thursday, June 6th. This is a boost from J Sainsbury’s previous dividend of $3.10. This represents a yield of 3.55%. J Sainsbury’s payout ratio is 1.24%.

In related news, insider Michael Andrew Coupe sold 135,219 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of GBX 210 ($2.74), for a total transaction of £283,959.90 ($371,043.90). Over the last 90 days, insiders have purchased 100,171 shares of company stock worth $23,134,363.

About J Sainsbury

J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail – Food; Retail – General Merchandise and Clothing; Financial Services; and Property Investment.

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Analyst Recommendations for J Sainsbury (LON:SBRY)

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